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Hedge fund manager John Paulson has arrived in London this morning to address an investor conference, as the heat intensifies over a Goldman Sachs mortgage product his firm bet against in 2007.

Paulson is fulfilling a long-standing engagement with pension fund investment consultants and fiduciary firm, Cardano, which is hosting its annual trustee conference today in central London.

A source close to the event told Financial News that Paulson's planned appearance had only been confirmed last night. A video conference had been on standby in case the UK's airspace had remained closed due to the volcanic ash forcing flight suspensions.

The conference appearance comes after the hedge fund manager made reassurances to his investors this week that his firm did not mislead anyone when it shorted a Goldman Sachs-issued mortgage product in 2007. Regulators in the US, UK and Germany have so far announced they are investigating Goldman Sachs and Fabrice Tourre, who was one of the bank's lead traders on the deal.

This afternoon Paulson will address 75 pension scheme managers and trustees, along with independent trustees and Cardano staff. It is not known if Paulson will talk about the Abacas 2007-AC1 trade, which has attracted so much political controversy.

The topic of his presentation will be "Managing investments and risks in an uncertain, long term environment".

Cardano was launched by Kerrin Rosenberg in 2007, offering risk and fiduciary management to pension schemes and other institutional investors. It has won significant mandates from UK and Dutch schemes and was awarded the prize as best fiduciary management team at Financial News' Awards for Excellence in Asset Management last year.

No one was available at Cardano or Paulson and Co for comment this morning.